Governance Analysis Tool™
Improve your board’s effectiveness
As part of our range of services to boards, Company Directors developed the Governance Analysis Tool™ – an external, 'guided' self-assessment to facilitate collective self-reflection by a board of its governance practices.
The tool is a useful, efficient and effective method of focusing attention on the governance system as a whole and identifying the areas the board believes are its strengths and where there are opportunities for improvement. It allows the board to achieve collective clarity on the key levers at its disposal that may contribute to enhanced performance.
Based on the Corporate Governance Framework™, the Governance Analysis Tool™ is the product of years of development, using knowledge and experience gained from a cross-section of our most senior directors and created with one mission in mind - to build a stronger governance environment for business.
The Governance Analysis Tool™ is based on our proprietary Corporate Governance Framework ™ - a comprehensive structure canvassing board views across the breadth of corporate governance.
The framework is categorised into four distinct areas or quadrants.
Click quadrant for more information
Using the framework, our current service includes options for:
- Commercial Unlisted (Pty Ltd/Public Unlisted)
- Public Sector
We also have reviews suitable for:
- Co-operative/Mutual organisations
- Board Committees
Should your governance review need to achieve specific outcomes, we can create a review in line with your needs.
The Different Forms
The Tool has been adapted to allow for differing levels of granularity and insight. It is possible for a review to cover the entire framework in standard form, or in depth; or to target particular aspects of it.
Each of the different forms of the tool offers boards varying scope as well as supporting governance learning and development. Whether a board has a particular challenge area, or is looking to benchmark its performance year-on-year, there are many scenarios that the Tool can cater for and offer support for.
All boards differ in their approach to reviews and evaluations. Whether it is an initial 'yardstick' for the board, or a more detailed and comprehensive review, the Governance Analysis Tool™ offers solutions to meet your specific needs.
Once underway, statements are provided to each board member via a confidential online survey asking members to assess, in their view, the effectiveness of their organisation's governance against these statements of good practice. Individual results are collated, analysed and provided back to the board in report form. Key to the Report are the heat map and the spider graph. Boards are then offered the option of undertaking a facilitated discussion session to explore the findings in greater detail.
Simple and straightforward, the process includes:
- A chair and board briefing on the review
- Secure and confidential online survey for each director to complete
- A written Report reflecting your board’s collective response drawn from analysis and collated by a governance expert
- A one-on-one discussion with the chair to detail the findings
- A fully facilitated 60 minute session with the board
The process is led by a Company Directors’ representative.
Features and Benefits
All products and services of the Governance Analysis Tool™ are recognised for Director Professional Development (DPD) units. More information on DPD is available on our website
Confidentiality – unless instructed otherwise by survey participants, survey responses are confidential to the individual and only reported in aggregated non-attributable or masked form.
Relevance - it has four specifically- designed modules tailored to the differing needs and requirements of boards.
Time commitment - the Tool is available in three different levels of granularity, allowing options even for "time-poor" directors to apply and gain the benefits of the Tool.
Consensus - creates collective clarity regarding governance strengths and where opportunities for improvement may lie obtaining a common view of what to focus on for better organisational performance.
Assurance – inclusion of the board’s use of the Tool and our Corporate Governance Framework provides stakeholders with a level of assurance that the board is serious about its commitment to regular reflection and review against a robust and credible framework.
Benchmarking - over time the Tool can be used as a means to benchmark year-on-year and against other organisations.
User friendliness – our surveys present information in a very concise and practical manner. Our reports are written to enable boards to clearly identify strengths and opportunities whilst understanding potential outliers. Additionally, we also provide context through the analysis and grouping of commentary provided by survey participants.
Facilitation - our Specialists are senior directors chosen for their sector experience as well as subject matter expertise and experience.